U.S. Markets open in 3 hrs 3 mins

EFT Canada Announces Results of Shareholder Meeting

TORONTO, ONTARIO--(Marketwired - Nov 23, 2015) - EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE:EFT) hereby announces that the following were the outcomes of the votes held at EFT Canada`s most recent shareholder meeting on November 23, 2015.

A total of 6,877,886 shares were represented at the meeting, being 50.30% of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting.

A summary of the results is presented below:

Motion # Of Votes
For Motion
% Of Votes
In Favour
# Of Votes
% Of Votes
1. Election of Directors
Name of Nominee
Linden Fellerman 6,877,886 100 % 0 0
John Cerenzia 5,786,486 84.13 % 1,091,400 15.87 %
Jonathan Pasternak 6,877,886 100 % 0 0
Randy Waxman 6,877,886 100 % 0 0
Ray Martins 5,786,486 84.13 % 1,091,400 15.87 %
2. Re-Appointment of the Auditors 6,877,886 100 % 0 0


EFT Canada, founded in 2003, is a financial processing company that offers a complete solution to the collection and payment processing needs of small and medium sized business merchants, banks, credit unions, and other financial firms in Canada and the United States. The Company develops, maintains and delivers innovative electronic transaction processing technologies, such as customized electronic payment and collection processing solutions and gift and loyalty card services, by drawing on its operational and applications expertise. For more information, please visit www.eftcanada.com.

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.